Bank warns 'efficiency' key to Bahamas' IFC survival
A Swiss bank that is selling majority control of its Bahamian subsidiary has told this nation to focus on regulatory and ease of doing business “efficiency” to improve its financial centre status.A SYZ Group spokesperson, responding to Tribune Busine
Minister promises to fix 'toxic BAIC environment'
A Cabinet minister yesterday acknowledged “the toxic environment” at the Bahamas Agricultural and Industrial Corporation (BAIC) while pledging that its long-standing issues are being addressed. Michael Pintard, minister of agriculture and marine res
Minister leads BTVI on mission to US college
A Cabinet minister recently led officials of the Bahamas Technical and Vocational Institute (BTVI) to Orlando-based Valencia College on a fact-finding mission. Jeffrey Lloyd, minister of education, was accompanied by BTVI’s president, Dr Robert W Ro
DPM calls for greater Caribbean resilience
The deputy prime minister has urged the Caribbean Development Bank (CDB) to invest in initiatives that will make the region more resilient and self-sufficient. K Peter Turnquest, chair of the CDB’s Board of Governors, said The Bahamas’ recent experi
Taylor’s creditors left high and dry
Kelly's Home Centre leads the Bahamian unsecured creditors who will receive nothing of the debts owed to them by Taylor Industries, its liquidator has revealed.
Minister’s pride on tourism ‘shake-up’
A Cabinet minister has voiced pride at “really shaking up” the Ministry of Tourism’s workforce after discovering that the nine percent aged under 30 accounted for nine out of 10 resignations.
Realtors close on reforms to 'take it to another level'
The Bahamas Real Estate Association’s (BREA) president says the industry is “almost there” with reforms to its governing Act that are designed to “take it to another level”.Christine Wallace-Whitfield, pictured, told Tribune Business that the propose
Bahamas ranked 81st in world for corporate bribery
The Bahamas 81st ranking in a new global bribery index must serve as a wake-up call to “keep our foot on the gas pedal” in the fight against corruption, governance reformers urged yesterday.
Tourism: No impact yet from coronavirus
A senior Bahamian tourism executive yesterday said the industry has suffered no impact “to-date” from the global novel coronavirus outbreak as it heads into the peak winter season.Robert Sands, Baha Mar’s senior vice-president of government and exter
BAIC's 160 staff warned to brace for workforce cut
Bahamas Agricultural and Industrial Corporation’s (BAIC) 160 employees have been warned to brace for job losses as the “heavily overstaffed” agency awaits the results of a manpower audit.Bishop Gregory Collie, its chairman, said Strivewise Performanc
Produce Exchange moves for upgrade
The Potter’s Cay Dock Produce Exchange is being temporarily relocated as part of a $20,000 refurbishment designed to alleviate health concerns that have existed since Hurricane Matthew. The Bahamas Agricultural and Industrial Corporation (BAIC) conf
Tourism honours its 'timeless treasures'
The Ministry of Tourism has honoured 17 of its “timeless treasures” with numerous accolades for longevity and serving the country’s major industry with distinction.“Over the years you’ve put your shoulder to the collective wheel and, with excellence,
Oil explorer extends fund offer by 3 days
“Sophisticated” Bahamian investors will have an extra three days to buy into the £2m mutual fund created to allow them to participate in local oil exploration activities. The offering period for the Bahamas Petroleum Company (BPC) sponsored fund will
Bay Street - it’s wrong way round
Downtown Nassau is failing to exploit its prime asset because many Bay Street buildings “are facing the wrong way”, a Cabinet minister has told Tribune Business.
'Slow, painful death' without corporate tax
A Bahamian financial services provider yesterday renewed calls for this nation to adopt a low-rate corporate income tax as the platform to prevent the industry “dying a slow, painful death”. Paul Moss, Dominion Management Services president, warned
